May 16, 2014

Rise Oceans Rise

The polar ice caps are melting--does anyone believe it or care?  

According to the Wall Street Journal, the Antarctica alone holds 60% of the world's fresh water "locked into millions of cubic miles of polar ice."

NASA glaciologists states: "Ice is going to retreat in this sector for decades and centuries to come and we can't stop it."

In other words, we may have "reached the point of no return."

Sea levels are seen rising 10 to 12 feet--that's almost 1.8 x Magic Johnson across all our oceans.

The New York Times says that just a four foot rise would inundate cities like New York, Boston, Miami, and New Orleans. 

WTOP reports that the impact will not just be in low-lying cities but even Washington, DC along the Chesapeake Bay is at great risk. 

And while over time barriers may be able to be built up around DC to protect it, other areas like New York City is "almost unenclosable."

Global warming has is changing our earth's ecosystems, and like the National Deficit, we can try to prove it false, ignore it, or hope for a technological breakthrough or miracle to save us. 

Yes, there are lot's of doom and gloom scenarios, and it's hard to know when to take catastrophe seriously and when it is Chicken Little.

While I wouldn't go looking for high ground just yet, maybe that Miami oceanfront--as much as I love it--may not be the best long-long term investment around. ;-)

(Source Photo: Andy Blumenthal)

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